How to govern cybersecurity risk at the board level
Rapidly evolving cybersecurity threats are now commanding the attention of senior business leaders and boards of directors and are no longer only the concern of IT security professionals.
Federal Information Processing Standards (FIPS) are a collection of security standards publicly published by the US National Institute of Standards and Technology (NIST). The FIPS 140 regulation specifies requirements for cryptographic modules and covers both software and hardware components.
International banks are rapidly evolving to cater to the digital world. With pen and paper signatures nearly obsolete, banks are investing in electronic signatures as a more secure, trustworthy replacement.
Over the course of 2019, 36% of the incidents that CrowdStrike investigated were most often caused by ransomware, destructive malware or denial of service attacks, revealing that business disruption was often the main attack objective of cybercriminals.
Ransomware is malware that encrypts the data of a user. The data is rendered unusable and the victim is ordered to pay a ransom fee to decrypt the data. Ransomware has increased in sophistication in recent years.
In this article we’ll cover targets and types of ransomware attacks and some immediate steps you can take if you have been a victim of a ransomware attack. Read on to learn about ransomware protection and prevention, including pre-execution, pre-damage, and post-damage.
According to Deltec Bank, the Bahamas “Banks are successfully trialing quantum computers to solve problems that were previously very resource-intensive or impossible to complete.”
There has been a lot of hype around quantum computing over the last few years whereby it is poised to disrupt entire industries from telecommunications to security, manufacturing, and finance.
As business grew, so did the threat of compromise or theft of data. To address these risks, both software methods and hardware devices were produced to secure networks, systems and data.
HSMs are dedicated devices, incorporated with both logical and physical protection mechanisms, designed to provide separate, secure operating environments where confidential or sensitive information could be treated without risk of exposure.
Today the security needs of companies require that they have a high level of protection, particularly when it comes to data.
From payment methods such as credit cards to personal customer information and business data, organizations that handle any of this information need to ensure they’re protected.
A hardware security module (HSM) is designed to provide an exceptionally high level of security to businesses in a variety of industries that need to safeguard their data. But what is an HSM, and what are the benefits of using one?
As a Board member you need to understand enough about cyber security so you can have a fluent conversation with your experts.
Good cyber security is all about managing risks. The process for improving and governing cyber security will be similar to the process you use for other organisational risks. It is a continuous, iterative process.
Over the past decade the costs and consequences of cyberbreaches have grown alarmingly. The total financial and economic losses from the 2017 WannaCry attack, for instance, were estimated to reach $8 billion. In 2018 Marriott discovered that a breach of its Starwood subsidiary’s reservation system had potentially exposed the personal and credit-card information of 500 million guests.